<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....
SPANDANA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Spandana Sphoorty Financial Limited has filed a disclosure with BSE and NSE confirming it is not identified as a 'Large Corporate' under SEBI's Large Corporate Framework as on March 31, 2025. The company reported total outstanding borrowings of Rs. 5,025.52 crore on that date. Its credit ratings during the previous financial year were 'A' with a Negative outlook from all three rating agencies — CARE Ratings, India Ratings, and ICRA. The filing is a routine annual compliance under SEBI's operational circular (August 2021, updated April 2022 and October 2023). The company is an NBFC, which likely falls outside the framework's applicability criteria despite its sizeable borrowings.
This is largely a procedural compliance filing and unlikely to move the stock. However, the Negative outlook on its 'A' credit rating from all three agencies is worth noting, as it signals some pressure on asset quality or earnings that could affect future borrowing costs for shareholders.